8/12/2015 – Don’t be too generous with your retirement cash (MarketWatch)

Aug 12, 2015 Comments Off by

In 2010, only about 4% of households with at least one member age 50 or above reported receiving cash transfers, including monetary gifts, loans or direct help paying bills, from their children or grandchildren over the previous two years.

Meanwhile, up to 45% of older households reported giving money to their younger family members, according the EBRI report, “Intra-Family Cash Transfers in Older American Households,” which analyzed data from the University of Michigan Health and Retirement Study, a long-running survey of older households conducted every two years.

Read the full article in MarketWatch.

Financial Landing 2015

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